The US Dollar (USD) jumps higher against every G20 peer on Tuesday as US markets reopen after the Monday holiday. Many tailwinds are helping the Green
back to edge higher. The US appears to be the single green spot in terms of economic performance, with Goldman Sachs erasing its projection for a recession or hard landing as the last bank standing. Meanwhile, both China and Europe seem to be lagging behind. Recent Purchasing Managers Index data suggested a slowdown in China’s services sector, while it showed a persisting contraction in Europe, adding to signs that the old continent’s economy could be on the verge of a hard landing. this week.
The CME Group’s FedWatch Tool shows that markets are pricing in a 93% chance that the Federal Reserve will keep interest rates unchanged at its meeting in September. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing . QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding DefaultThe property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period.
Leer más »
Eurozone Sentix Investor Confidence Index drops to -21.5 in September vs. -18.9 priorThe Eurozone Sentix Investor Confidence Index fell to -21.5 in September from -18.9 in August. The Expectations Index in the Eurozone also dropped to
Leer más »
US Dollar: Will the 7-Week Winning Streak Continue?Forex Analysis by Ashraf Laidi covering: US Dollar Index Futures, US dollar Futures, US Dollar Index, US dollar Futures. Read Ashraf Laidi's latest article on Investing.com
Leer más »
Jimmy Buffett, Dead At 76, Turned ‘Margaritaville’ Into A Billion-Dollar FortuneJimmy Buffett, who popularized his own style of tropical vacation soft rock and reached billionaire status earlier this year according to Forbes ...
Leer más »
Local artist paints portraits of Dollar General shooting victims, delivers them to family membersNews4Jax is hearing from the person who painted portraits to honor the three victims of the shooting at the Dollar General store last week.
Leer más »
‘I cried:’ Jacksonville artist dedicates paintings to victims of Dollar General shootingJust over a week after the racist mass shooting in Jacksonville’s New Town area, the three victims are being memorialized by a Jacksonville artist, with paintings of each victim given to their families Sunday.
Leer más »